Rental Property Investor · Dallas, TX · Member since 2017 · 30 posts · 9 votes
What areas are considered up and coming and prime for appreciation? Seems like there is a lot of attention in the Fairmont-Southside district as well as near the Stockyards. Are there any areas that seems to be next? Maybe the stop 6 area? Any input would help.
New to Real Estate · Fort Worth, TX · Member since 2019 · 16 posts · 4 votes
6y
I've heard interesting things about the Como area. Not necessarily a great neighborhood at the moment, however, it is changing and the houses are going for cheap.
@Ron McGriff what are you looking for property wise? Many areas around the I-20 coridor are looking interesting, south of I-20 as well, the following neighborhoods are areas I have been looking at as well Ryan Place, South Hemphill Heights, the east part of Berkley Place. The Stockyards area has always been quite rough but that may have changed in the past few years.
Irvine, CA · Member since 2019 · 29 posts · 15 votes
6y
@Ron McGriff There's been a lot of new construction in Morningside east of 35W. New homes will definitely shift the comps in the area. I assume if land developers and construction companies are getting in there and buying empty lots/land to build up houses from scratch, the area should be coming up.
Lender · TX · Member since 2018 · 936 posts · 713 votes
6y
@Michael Heisterkamp The area around the stockyards has not changed much. Most homes still have bars on the windows. It is pretty rough. I like most of the areas that you mention. @Michael Becerra I find the Como area is getting over picked. There are still a lot of rough homes in the area but the land owners became wise and are charging more of a premium now.
Rental Property Investor · Dallas, TX · Member since 2019 · 30 posts · 12 votes
6y
I agree with @Dustin Lang . A few years ago I picked up an empty lot in the general Morningside area partly because I see the area changing. In the last year I've gotten alot of mails/calls from investors trying to partner up or buy it off, I also see comps and rents going up and more new builds coming online. I'd say things are looking up there.
What do you all think about the Forest Hill, Everman, EdgeCliff Village and Kennedale areas?
Rental Property Investor · Dallas, TX · Member since 2017 · 30 posts · 9 votes
6y
Originally posted by :
I agree with @Dustin Lang . A few years ago I picked up an empty lot in the general Morningside area partly because I see the area changing. In the last year I've gotten alot of mails/calls from investors trying to partner up or buy it off, I also see comps and rents going up and more new builds coming online. I'd say things are looking up there.
What do you all think about the Forest Hill, Everman, EdgeCliff Village and Kennedale areas
I never thought about looking at empty lots. Are there other areas in FW that you considered doing this as well?
Rental Property Investor · Dallas, TX · Member since 2019 · 30 posts · 12 votes
6y
@Ron McGriff I personally have no restriction on where to invest but I try to keep within driving distance. If the numbers work after expenses i.e Cap Ex et al and its within my bandwidth I'll consider it.